CABINET DU HAM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CABINET DU HAM
Largest movements
- Tangible fixed assets -€90,204
down €90,204 (-8.8%), from €1.0m to €930,734
of which Plant, machinery and equipment: -€59,699
- Cash -€55,601
down €55,601 (-41.4%), from €134,296 to €78,696
mainly Debts after one year (-€90,522) and Net result for the year (-€78,677)
- Receivables within one year -€17,287
down €17,287 (-22.0%), from €78,421 to €61,134
of which Trade receivables: -€14,286
- Debts after one year -€90,522
down €90,522 (-10.5%), from €863,810 to €773,287
- Profit (loss) carried forward -€78,677
down €78,677 (-36.6%), from €214,787 to €136,110
- Gross operating margin -€188,863
down €188,863 (-74.0%), from €255,274 to €66,411
- Financial income -€23,747
down €23,747 (-95.9%), from €24,764 to €1,017
- Taxes -€20,641
down €20,641 (-98.5%), from €20,946 to €306
- Staff costs -€15,223
no longer reported in 2025 (was €15,223)
- Financial charges -€7,570
down €7,570 (-17.8%), from €42,514 to €34,944
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,238,426 | €1,074,974 | -€163,452 | -13.2% |
| Fixed assets | 21/28 | €1,021,109 | €930,734 | -€90,374 | -8.9% |
| Tangible fixed assets | 22/27 | €1,020,939 | €930,734 | -€90,204 | -8.8% |
| Land and buildings | 22 | €477,092 | €463,841 | -€13,251 | -2.8% |
| Plant, machinery and equipment | 23 | €494,154 | €434,455 | -€59,699 | -12.1% |
| Furniture and vehicles | 24 | - | €1,406 | +€1,406 | |
| Other tangible fixed assets | 26 | €49,692 | €31,032 | -€18,661 | -37.6% |
| Financial fixed assets | 28 | €170 | - | -€170 | |
| Current assets | 29/58 | €217,318 | €144,240 | -€73,078 | -33.6% |
| Amounts receivable within one year | 40/41 | €78,421 | €61,134 | -€17,287 | -22.0% |
| Trade receivables | 40 | €43,367 | €29,081 | -€14,286 | -32.9% |
| Other amounts receivable | 41 | €35,054 | €32,053 | -€3,001 | -8.6% |
| Cash at bank and in hand | 54/58 | €134,296 | €78,696 | -€55,601 | -41.4% |
| Deferred charges and accrued income | 490/1 | €4,601 | €4,410 | -€190 | -4.1% |
| Total equity and liabilities | 10/49 | €1,238,426 | €1,074,974 | -€163,452 | -13.2% |
| Equity | 10/15 | €270,506 | €191,829 | -€78,677 | -29.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,719 | €5,719 | = | 0.0% |
| Distributable reserves | 133 | €5,719 | €5,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,787 | €136,110 | -€78,677 | -36.6% |
| Amounts payable | 17/49 | €967,920 | €883,145 | -€84,775 | -8.8% |
| Amounts payable after more than one year | 17 | €863,810 | €773,287 | -€90,522 | -10.5% |
| Financial debts | 170/4 | €863,810 | €773,287 | -€90,522 | -10.5% |
| Amounts payable within one year | 42/48 | €101,092 | €101,062 | -€30 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €87,767 | €90,522 | +€2,755 | +3.1% |
| Financial debts | 43 | €7,277 | €7,418 | +€141 | +1.9% |
| Credit institutions | 430/8 | €84 | €7,418 | +€7,334 | +8,735% |
| Other loans | 439 | €7,193 | - | -€7,193 | |
| Trade debts | 44 | €5,324 | €2,432 | -€2,893 | -54.3% |
| Suppliers | 440/4 | €5,324 | €2,432 | -€2,893 | -54.3% |
| Other amounts payable | 47/48 | €724 | €690 | -€34 | -4.7% |
| Accrued charges and deferred income | 492/3 | €3,019 | €8,796 | +€5,777 | +191% |
| Remuneration, social security and pensions | 62 | €15,223 | - | -€15,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,810 | €91,644 | +€1,834 | +2.0% |
| Other operating charges | 640/8 | €17,767 | €19,212 | +€1,444 | +8.1% |
| Gross operating margin | 9900 | €255,274 | €66,411 | -€188,863 | -74.0% |
| Operating profit (loss) | 9901 | €132,474 | -€44,445 | -€176,919 | |
| Financial income | 75/76B | €24,764 | €1,017 | -€23,747 | -95.9% |
| Recurring financial income | 75 | €24,764 | €1,017 | -€23,747 | -95.9% |
| Financial charges | 65/66B | €42,514 | €34,944 | -€7,570 | -17.8% |
| Recurring financial charges | 65 | €42,514 | €34,944 | -€7,570 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €114,724 | -€78,372 | -€193,095 | |
| Income taxes | 67/77 | €20,946 | €306 | -€20,641 | -98.5% |
| Profit (loss) for the period | 9904 | €93,777 | -€78,677 | -€172,454 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,777 | -€78,677 | -€172,454 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.